KKR & Co. Inc. (NYSE:KKR) Shares Acquired by KBC Group NV

KBC Group NV boosted its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 199.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 137,267 shares of the asset manager's stock after buying an additional 91,503 shares during the period. KBC Group NV's holdings in KKR & Co. Inc. were worth $17,924,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KKR. Massachusetts Financial Services Co. MA raised its position in KKR & Co. Inc. by 6.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager's stock valued at $1,755,838,000 after purchasing an additional 996,871 shares during the last quarter. Capital World Investors raised its holdings in shares of KKR & Co. Inc. by 7.4% in the first quarter. Capital World Investors now owns 16,644,897 shares of the asset manager's stock valued at $1,674,144,000 after buying an additional 1,139,784 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of KKR & Co. Inc. by 5.7% during the second quarter. Legal & General Group Plc now owns 5,968,684 shares of the asset manager's stock worth $628,147,000 after buying an additional 323,189 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of KKR & Co. Inc. by 64.7% during the second quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager's stock worth $424,835,000 after buying an additional 1,585,447 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its position in KKR & Co. Inc. by 3.7% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 3,614,991 shares of the asset manager's stock valued at $380,442,000 after acquiring an additional 127,726 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

NYSE KKR traded down $0.50 during mid-day trading on Friday, hitting $150.02. The stock had a trading volume of 2,929,182 shares, compared to its average volume of 4,268,642. The company has a 50 day simple moving average of $136.16 and a 200 day simple moving average of $119.17. The company has a market cap of $133.25 billion, a price-to-earnings ratio of 45.60, a P/E/G ratio of 1.22 and a beta of 1.61. KKR & Co. Inc. has a 52-week low of $65.91 and a 52-week high of $156.54. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same quarter last year, the business posted $0.73 earnings per share. Equities analysts forecast that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, November 4th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 21.28%.

Analyst Ratings Changes

Several research analysts have weighed in on KKR shares. Argus upgraded KKR & Co. Inc. to a "strong-buy" rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a "buy" rating in a research report on Monday, November 11th. JMP Securities upped their price objective on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a "market outperform" rating in a research report on Tuesday, October 29th. Hsbc Global Res raised shares of KKR & Co. Inc. to a "strong-buy" rating in a report on Wednesday, September 18th. Finally, Redburn Atlantic started coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They set a "buy" rating and a $153.00 price target for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $152.93.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, the insider now directly owns 92,959,984 shares of the company's stock, valued at $1,034,644,621.92. The trade was a 14.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the sale, the insider now owns 25,260,971 shares of the company's stock, valued at approximately $650,470,003.25. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 39.34% of the company's stock.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.